Filed January 20, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $114,056 |
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $61,675 |
Service code 13 · EIN 45-4208939 | Contract Administrator | $19,798 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,108 | $82,546-50.2% | $140,019-70.6% | $75,289-45.4% |
| Participation rate | 54.9% | 88.4%-33.4pp | 87.5%-32.6pp | 72.4%-17.5pp |
| Annual return | -3.78% | -0.36%-3.4pp | 651.17%-654.9pp | -0.04%-3.7pp |
| Employer contribution / active EE | $585 | $3,856-84.8% | $5,605-89.6% | $2,405-75.7% |
| Participant deferral / active EE | $4,339 | $5,731-24.3% | $6,927-37.4% | $3,739+16.1% |
| Admin fee / account holder | $45 | $86-47.9% | $10,705-99.6% | $102-56.3% |